LFC out of trouble?

LFC gapped up after it’s cleared from the liabilities of the audit issues in the past. It has broken out the recent downtrend. Whether it can reverse the downtrend remains to be seen. This big gap could become the new support. Next resistence is 28.

NDX

As expected NDX retreated right from 20SMA intraday.

Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).

NDX

As expected NDX retreated right from 20SMA intraday.

Current Position: SUNW: -0.45 (this is the original lot. I have bought more in the range of 5.17-5.45); LFC: +0.16; CHN: +2.11; SOHU Mar 30C: -0.20 (I have closed some bought from 0.65 – 0.9).